Contributions are tax-deductible, but when you withdraw any funds, the amount is taxable unless, for example, you are eligible to use the funds as a first-time home buyer. 

Withdrawals are considered as income and may impact amounts you receive from income-tied government benefits or credits.

Withdrawals from a Tax-Free Savings Account are not considered as income and do not impact amounts you receive from income-tied federal government benefits or credits.

Save for your future easily with high interest rates

  • Great interest rates
  • Risk-free: your principal and interest are always guaranteed
  • No minimum deposits or balances needed to open your account

Ready to open an RRSP account?

You can apply by logging onto your online banking or call us at 1-888-723-8881Opens your phone app..


Interest is calculated on the daily closing balance and is paid into your account monthly.

Rates subject to change.

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